Company News: FedEx (FDX) quarterly results beat analysts’ estimates

Market news

1 July 2020

Company News: FedEx (FDX) quarterly results beat analysts’ estimates

FedEx (FDX) reported Q4 FY 2020 earnings of $2.53 per share (versus $5.01 per share in Q4 FY 2019), beating analysts’ consensus estimate of $1.62 per share.

The company’s quarterly revenues amounted to $17.358 bln (-2.5% y/y), beating analysts’ consensus estimate of $16.536 bln.

FDX rose to $154.04 (+9.86%) in pre-market trading.

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